BBVA Bank has filed an appeal before the Supreme Court (TS) to challenge the Government conditions imposed on OPA on Banco Sabadell As confirmed by this entity chaired by Carlos Torres. As published The country, The Basque Bank appealed on July 15 the decision of the Council of Ministers in which the Government imposed certain conditions. These were that each entity maintained its own identity for 3 years and that the protection of the template was guaranteed, among others such as avoiding the closure of offices.
Of course, BBVA has clarified that this process will not paralyze or intervene in the OPA from which they confirmed a few days ago, I was still in front Waiting for the approval of the CNMV (National Securities Market Commission). These requirements were announced by the Minister of Economy, Carlos Body, and left a period of 2 months so that the high court could be claimed.
This was an idea that, according to sources from the aforementioned medium, was on the road map before the government was pronounced. Torres assured it in an interview when he assured that the judicial route was always there “as long as the conditions harden.”